Each of the following is a potential destructive political consequence of government budget deficits except
A) the possibility of financing government spending through borrowing makes government less effective at advancing the public welfare.
B) the benefits from higher government spending now are clear and visible to voters, but the costs of the higher taxes needed to finance the debt built up via deficit spending are excessively discounted.
C) many of those who are being obligated to pay taxes in the future do not vote today.
D) many of those who receive benefits today do not vote.
Correct Answer:
Verified
Q50: The United States debt-to-GDP ratio reached its
Q51: The United States debt-to-GDP ratio reached its
Q52: The only three time periods in which
Q53: The almost doubling of the debt-to-GDP ration
Q54: Each of the following was a factor
Q56: In the short-run, a government budget deficit
Q57: In the short-run, the effect on real
Q58: In the short-run, a government budget surplus
Q59: In the short-run, the effect on real
Q60: An increase in the government's budget deficit
A)
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